PROJECTS: Iraq awards $400mln projects in eastern province

Eight projects have been awarded in Diyala governorate

  
Image used for illustrative purpose. A man works at a construction site in Iraq's northern province of Arbil September 25, 2010.

Image used for illustrative purpose. A man works at a construction site in Iraq's northern province of Arbil September 25, 2010.

REUTERS/Azad Lashkari

Iraq's Eastern Diyala Governorate has awarded projects to local and foreign investors worth at least $400 million within a post-war drive to attract investment and spur business.

The eight projects cover housing, shopping malls, farms and other sectors in various parts of the governorate, Karim Al-Azawi, Director of Diyala Investment Commission said.

He told Iraq's Shafaq News network that the projects include the construction of many apartments and houses in Baqubah and other cities in the governorate.

"These projects are part of plans to attract investment and stimulate the economy after the end of the war and given Diyala's strategic location...more projects are in the pipeline," Azawi said.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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